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It is no surprise that almost half of UK life and pension customers are not prepared to pay for advice, according to Ernst & Young. When looking for a new product, 59 per cent of the 1,000 people surveyed said they would use an online comparison website while only 36 per cent would go and […]

The Government has defeated Labour proposals to amend the Financial Services Bill so lenders are required to advise borrowers about potential interest rate changes and the likely impact they could have on the affordability of their mortgage. Tabled by Shadow Treasury financial secretary Chris Leslie, the amendment would have required the Treasury to bring forward […]

Standard & Poor’s has cut the long-term credit rating of Spain by two notches from A to BBB-plus citing deteriorating government finances as a result of a contracting economy and ailing banking sector. The ratings agency has also placed the country in negative outlook, meaning there could be further downgrades to come. The move means […]

Former Prudential chief executive Nick Prettejohn, outgoing Phoenix Group chairman Ron Sandler and former British Bankers’ Association chief executive Angela Knight (pictured) have been tipped as potential candidates to chair the Financial Conduct Authority. Executive recruitment firm Russell Reynolds Associates is handling the process to find a chair-designate for the FCA ahead of the transition […]

Dr. Andrew Lo, Founder and Chief Investment Strategist at AlphaSimplex, says the financial market has experienced the ‘Marching Band Effect’ over the past few years, with the various elements moving to left and right together and feeling the risks as one, making the effect more dynamic.

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A High Court judge says the FCA can submit evidence in a case that could shape how Sipp misselling claims are handled in the future. In the case, which started today, lorry driver Russell Adams alleges Carey Pensions missold him a self-invested personal pension. Carey Pensions is accused of using unregulated introducers to invest Adams’s […]

Studies have found funds can be too big or too small to outperform, suggesting size does matter The assessment of whether to invest in a certain fund is a tricky business. Bearing in mind roughly 90 per cent of active funds do not beat their benchmarks over periods longer than 10 years, the odds are […]

The following sorry verse embodies procrastination on a whole new level: “Hello there, my name’s Phil; I rap like a small bear writing a will [diligently]; Estate-planning, ninja-whooping IHT; Shame I’m not as bizzie [urban affectation] with the RLP.” These words were penned in response to my father’s short verse sent to me, after the […]